Karnes County is a South Texas county about an hour southeast of San Antonio. For oilfield-service firms, the cash story is payroll, equipment and receivables.
Apply Now →Karnes City is the county seat, 54 miles southeast of San Antonio on U.S. Highway 181. Karnes County had 14,710 residents at the 2020 census and covers about 750 square miles. Kenedy is the other main town, named for Mifflin Kenedy; Runge and Falls City are smaller. The Eagle Ford formation, a Late Cretaceous formation associated with petroleum deposits across much of Texas, is the geological backdrop that many people connect with this part of the state.
Crews are paid every week. Customers pay monthly at best. If you employ ten people at about $1,500 a week each (illustrative), you carry $15,000 a week, or $60,000 over four weeks, before your first invoice is paid.
Pickups, trailers, water haulers, tools and generators are working assets. When one fails, a job is delayed and the customer may bring in another vendor.
A small subcontractor often sits several steps from the final payer, and each step adds days. The longer the chain, the longer the wait.
The seat and Kenedy host the ordinary businesses of a small county: restaurants, convenience stores, auto repair, ag supply, clinics and local trades. Many live on customers who work in field services, which means their sales can swing with those employers. A diner that serves crews may see strong weeks and then a month when the crews are elsewhere.
Take the largest payroll cycle you must cover before a major invoice arrives, add the cost of the equipment you expect to fix or replace in the next quarter, and subtract cash you can spare. The result is a defensible request. It is better than a round number chosen because it feels comfortable.
Many oilfield-service shops are not paid by the company whose name is on the lease. They are paid by a contractor, who is paid by a larger contractor, who is paid by the operator. A delay anywhere up the chain delays the small shop, which has no say in the process. This is why receivables are the line that causes the most trouble for a small supplier even when the work is steady.
One practical habit is to keep an aging list of unpaid invoices and review it weekly. Knowing what is thirty, sixty and ninety days out lets you decide earlier whether to bridge, rather than waiting until payroll is due.
The online application takes about five minutes and uses a soft credit pull. Amounts run from $25,000 to $5,000,000, funds can arrive in as little as 24 hours after approval, and sole proprietors can apply. We do not say what outcome you can expect before you apply, and we do not promise approval.
No. Any legitimate Karnes County business can apply.
A Late Cretaceous formation across much of Texas, associated with petroleum deposits.
Yes. Sole proprietors and small firms can apply.
Payroll, equipment, inventory and similar working-capital needs.
In as little as 24 hours after approval.
Three months of business bank statements and a 5-minute application. FICO 500+ considered. $25,000 to $5,000,000, funded in as little as 24 hours.
Apply Now →It takes about two minutes and it will not affect your credit score.
No obligation • No impact to your credit score
